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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (18320)	9/5/2002 8:27:20 AM
From: jtech	Read Replies (1) of 36161

09/03/2002 (878)is 35.56 p/e Dow Jones News Services (Copyright © 2002 Dow Jones & Company, Inc.) NEW YORK (Dow Jones)--The price/earnings ratio of the Standard & Poor's 500 index at the close of trading Tuesday was 35.56. Friday, the ratio was 37.10. The lowest price/earnings ratio on the S&P 500 came in the second quarter of 1949, when the reading slipped to 5.9. Over the last decade, the low was 15.77 in the first quarter of 1995. The price/earnings ratio, known as the multiple, is a measure of the average stock price divided by the average earnings per share.

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